A Basic Buying Guide For Investing In Gold
Some people may see coin collecting as a rather boring hobby, but with more and more people starting to invest in gold and silver, coin collecting has become a worthwhile and rather lucrative hobby. The American eagle gold coin first appeared as a result of the Bullion Coin Act of 1985, and since then has swiftly risen through the ranks to become one of the world’s top gold bullion investment coins. If you’re interesting in starting a coin collection, you may want to buy American gold eagle coins first.
The American eagle coin is created from gold mined entirely in America and is imprinted with its gold content. The coins have pure gold as well as trace amounts of alloy, which make the coins harder and more resistant to scratching, something that brings down their value if you ever decide to sell them. One thing that sets American eagle coins apart from other coins is that they are the only bullions coins whose purity, content and weight are covered by the government. What this means for you and other coin collectors is that you can buy American eagle coins with confidence without wondering if they really contain as much gold as is stated on them. The coins can also be included in an Individual Retirement Account if you plan on keeping them for a while.
Why Invest In Gold
One of the main reasons to invest in gold is for its global appeal. No matter what country you are in, gold is viewed as a valuable and rare asset. If you’re looking to add some diversity to your investment portfolio, you should consider buying gold since you don’t have to move it with bonds and stocks. Gold has been proven to be simple to purchase, store and quite affordable, especially when bought up as legal tender bullion coins. People buy more American eagle coins than any other type of gold coin. One reason for this could be that the coins are available in four denominations.
Give And Take
One thing that collectors are usually the most concerned about is how easily their investments can be resold. Since they are guaranteed by the American government, American eagle coins have been approved by a variety of investment markets all over the world. The bullion coins are also the most popular when it comes to their rate of trade. If you’re ever wondering how much your American eagle bullion coins are worth, the current price of gold is reported every day in most major newspapers. The value of the coin is based on the market price of the metal it contains as well as a small extra amount to take care of the distribution and coinage costs.
If you’re ready to start your coin collection with an American bullion coin, they can be found at major precious metal dealers, coin sellers, certain banks and brokerage houses. It’s a good idea to check to make sure that the precious metal or coin dealer has been authorized so that you don’t end up buying a fake coin. If you know of someone who is interested in coin collecting, gifting them with an American eagle bullion coin could be a great way to get them started.
The article is a contribution of Greatsoutherncoins.com.
Photo By: Mark Herpel